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Digital-First Economy Redefines Retail And Consumer Behavior

PYMNTS

When it’s said and done there was only one story that mattered in the retail universe this year and it was the rise of the digital-first economy. More consumers are going online to shop and pay as the pandemic progresses. The numbers speak for themselves. It was the catalyst for most every business dynamic in the category.

Retail 295
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Whole Paycheck Tracker: Trying FIT® On For Size

PYMNTS

It’s not often that Walmart gets upstaged in the world of retail. In fact, Amazon is about the only one who has been capable of doing so, as the reigning offline and online title-holders duke it out for the U.S. Unless Walmart+ is in the mix, it’s hard to say that the retailer is pushing customers toward the digital experience.

Retail 181
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Building A DTC Men’s Personal Care Brand With eCommerce

PYMNTS

When it comes to funding, the company recently closed a $1 million seed capital round. And, beyond eCommerce, the company is in a few retail stores: One is Fourpost in Minneapolis in the Mall of America.

Branding 163
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Call It Alt-Credit Or POS Lending, ‘Buy Now, Pay Later’ Just Got Bigger

PYMNTS

CEO Nick Molnar said in a statement that, “Afterpay and Google Pay give shoppers the ability to choose either physical or online shopping while still being able to budget their own money and avoid expensive loans, interest and fees — which has shown to attract new customers and drive more sales conversion for our retail partners.”.

Lending 130
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Warby of Hair Dye: Madison Reed Gets Gussied Up

PYMNTS

It’s now raised more than $40 million in venture capital funding. Locations haven’t yet been released, but Madison Reed seems to be looking at Dallas, Miami, Chicago, Minneapolis and Denver. Errett told Forbes that omnichannel is critical to the business, as there are limits to simply having a presence online and at the doorstep.

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The 2019 GonzoBanker Awards

Gonzobanker

The company’s market capitalization, which after declining to less than $600 million in the 2009 recession, has now grown to almost $3 billion. Yet the Gonzo team has to give a shout out to the late entry of Texas Capital and Independent Bank. So many miles to go, retail bankers! The Tech Award – Goes to Capital One.

Idaho 148
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Whole Paycheck Tracker: Target, Walmart Comparison Uncovers Different Digital-First Strategies

PYMNTS

It’s hardly competing with Amazon yet, but Target has shown more digital momentum than any major retailer during the pandemic. So far, it looks like Walmart could steal a few pages from its Minneapolis-based neighbor. The more standard one is the Capital One-issued rewards card.